Extracted Thread (per thread starter's request) | Page 302 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

1 trade per pair per year 6 replies

multiple systems per pair/multiple pairs per system? 3 replies

Extracted Post (per poster's request) 0 replies

Trading 24 hours per day, 5 days per week 14 replies

Attachments: Extracted Thread (per thread starter's request)
Exit Attachments

Extracted Thread (per thread starter's request)

  • #6,021
  • Mar 21, 2013 1:18pm Mar 21, 2013 1:18pm
Quoting prekeivis
Hey guys,
been practicing with for some time with manual boxing and now started using the indicator. Now there is a question i would like to ask, how you are able to place trades without missing them? because for me it's as if the best breakout happen when i'm asleep or away from the pc.

Thanks for your replies,
prekeivis
Hi,

one thing you can do besides the good hints you've been told...

When you have a CZ you can set pending orders with a trade manager. Check them when you wake up and if needed adjust the possible taken trade.
(A good Manager is here at FF is the Stealth TradeManager). (http://www.forexfactory.com/showthread.php?t=371147)

Good luck and success with SSBO
  • #6,022
  • Mar 21, 2013 2:25pm Mar 21, 2013 2:25pm
Nice G/U trade today....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 108 KB
  • #6,023
  • Mar 21, 2013 2:27pm Mar 21, 2013 2:27pm
They, (Alpari) needs to fix the newest update...now when you take screen shots it doesnt keep the chart to the left. It covers the stats. Sorry about that....

Quoting dojirock
Nice G/U trade today....
  • #6,024
  • Mar 21, 2013 2:43pm Mar 21, 2013 2:43pm
Quoting SedonaPipper
this is covered in the thread already - do what other traders won't do. Figure it out for you - there are several ways to do it: change time frame, set up alerts to your phone and sleep with it, change your settings so all min closes are 0, move your bed, move your computer, set your alarms to music and blast it all through the house, Learn to sleep less, change your belief about the best happening when you sleep, find settings that work when you are awake and can be near your computer. There are many more suggestions, the key is to find what...

Thank you, I appreciate your detailed answer my friend
  • #6,025
  • Mar 21, 2013 2:47pm Mar 21, 2013 2:47pm
Quoting hilavoku
Hi,

one thing you can do besides the good hints you've been told...

When you have a CZ you can set pending orders with a trade manager. Check them when you wake up and if needed adjust the possible taken trade.
(A good Manager is here at FF is the Stealth TradeManager). (http://www.forexfactory.com/showthread.php?t=371147)

Good luck and success with SSBO
Thanks for your reply. I was thinking of that, but some part of positions are martingaled. So for example if i had two losing trades in a row, and i'm not near pc to put a third one ( which might be profitable). What would be your solution? or does this trade manager solve it? Thanks for response
  • #6,026
  • Mar 21, 2013 3:07pm Mar 21, 2013 3:07pm
Quoting prekeivis
Thanks for your reply. I was thinking of that, but some part of positions are martingaled. So for example if i had two losing trades in a row, and i'm not near pc to put a third one ( which might be profitable). What would be your solution? or does this trade manager solve it? Thanks for response

Mmhhh. Okay. Martingale was never an option for me. The TradeManager won't to that. For that i have no solution for you. Sorry.
  • #6,027
  • Mar 21, 2013 3:33pm Mar 21, 2013 3:33pm
Quoting prekeivis
Thanks for your reply. I was thinking of that, but some part of positions are martingaled. So for example if i had two losing trades in a row, and i'm not near pc to put a third one ( which might be profitable). What would be your solution? or does this trade manager solve it? Thanks for response
Try this Larry Kirkbride EA, best I have found, courtesy of the generosity of Hopwood.
Put CZ Line Drawing in the script files folder and drag it on the chart, move the lines to the position you like on a zone of congestion.
Next drag EA on chart and adjust 'auto calculate tp/sl' to true. Sit and relax.
Of course try on demo first and become familiar with the inputs.
Cheers.
Attached File(s)
File Type: mq4 Larry Kirkbride.mq4   43 KB | 1,146 downloads
File Type: mq4 CZ Line Drawing script.mq4   2 KB | 1,099 downloads
  • #6,028
  • Mar 21, 2013 4:27pm Mar 21, 2013 4:27pm
Quoting pipernet
Try this Larry Kirkbride EA, best I have found, courtesy of the generosity of Hopwood.
Put CZ Line Drawing in the script files folder and drag it on the chart, move the lines to the position you like on a zone of congestion.
Next drag EA on chart and adjust 'auto calculate tp/sl' to true. Sit and relax.
Of course try on demo first and become familiar with the inputs.
Cheers.
Thanks, i wil try it now
  • #6,029
  • Mar 21, 2013 5:28pm Mar 21, 2013 5:28pm
Quoting AltosTrader
I did that a few days ago - although I did use anti martingale so, yeah. I'll try anti by itself.

Well darn me days - I found it with just the anti. It was Jay on Feb 10. I wanted to digest what he said but, as I said, I lost the post. Now it is in my scrap book and I can try and work it thru'
Thanks.
After experimenting with Anti, back in February, I came with the following conclusions :

A 1:1 anti-martingale will only start making a difference from MGale starting on Recovery Trade #2 (See attached pic - using a 10 pips example). Therefore, the less trades you have going past that breaking point, the less a difference it makes whether you use one or the other.

Which ultimately brought me to question myself; I needed to determine my "risk tolerance" towards undecided markets that bounce back and forth. IF you get to Recovery 3 using AntiMGale, and win, you end up with a small loss (20 pips) instead of a small win using MGale (10 pips). But if you lose on Recovery 3, you lose a total of 100 pips using AntiMGale vs 150 pips using MGale. It's nice to compare some settings using both and notice that you ultimately gain only 200 pips more using regular MGale, vs AntiMGale; makes you wonder if those 200 pips are REALLY worth the risk I just explained.

In other words, what is more comforting to you between risking more to potentially fully cover your losses, or risk less and trey to recover a portion of what has already been loss, knowing you could lose some additional pips.

All in all, it's a question or money management and risk tolerance, to each his own, and both can be used on specific occasions. I'm glad we have access to both.

In conclusion, that exercise helped me understand my risk tolerance better, as well as my attitude towards greed.
Attached Image
  • #6,030
  • Mar 21, 2013 6:22pm Mar 21, 2013 6:22pm
FXH+team, am i allowed to post a script that would help others quickly set trades up? i.e. TP and SL automatically.

I wrote it myself and so far it worked perfectly. My guess is a better scripter can probably take what i did and possibly improve greatly upon it.


Don't want to break any rules.
  • #6,031
  • Edited 8:53pm Mar 21, 2013 6:30pm | Edited 8:53pm
Quoting irampagemc
FXH+team, am i allowed to post a script that would help others quickly set trades up? i.e. TP and SL automatically.

I wrote it myself and so far it worked perfectly. My guess is a better scripter can probably take what i did and possibly improve greatly upon it.


Don't want to break any rules.
I can't imagine anyone objecting to that. I have tried several but the re-sizing of the box seems to throw some of the lines out so I for one would love to see what you have.

Of interest to all - if you want the background and details of the Larry Kirkbride Trade Manager EA, have a look at http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=5&t=635&hilit=CZ+Line+Drawing+Script

For any noobs - Steve is not very tolerant to silly noob questions so don't cause trouble.
  • #6,032
  • Edited 4:38am Mar 22, 2013 4:02am | Edited 4:38am
What was I thinking - the PC went ding - here it is now - Chardonay on Friday night does not help concentration. Had to do that one manually. Opposite pendings deleted later.
Attached Image (click to enlarge)
Click to Enlarge Name: ej130322.jpg Size: 103 KB
  • #6,033
  • Mar 22, 2013 5:43am Mar 22, 2013 5:43am
Today I was lucky.

I Win on:
USDJPY
GBPUSD (I enter little later but PT was hit)

Now I am waiting for EURUSD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpym15.png Size: 77 KB
Click to Enlarge Name: gbpusdm15.png Size: 83 KB
Click to Enlarge Name: eurusdm15.png Size: 87 KB
Luck is important in live, even if you don't believe in it.
  • #6,034
  • Mar 22, 2013 6:35am Mar 22, 2013 6:35am
My trade of the day: EURUSD

This system is wonderful. I'm feeling that it's the key to stuck on the plan you made before enter. Also I think time of the day is important for increase win rate. London opens it's my favourite time. I'm not meaning the CZ's only works by some times in the day, just guess that high volatility is much better trading BO.

I'm still testing on demo, but for the week I'm done. I've made about 160 pips. Never overtrading, allways watching correlations.


Thanks FXHard, love your system
Attached Image (click to enlarge)
Click to Enlarge Name: 0322_eurusdm15.png Size: 167 KB
  • #6,035
  • Mar 22, 2013 6:42am Mar 22, 2013 6:42am
good day all round - wins on eur usd, chf usd and usd jpy - still in on cad usd not looking to flash tho

i have decided to focus now on my money management strategy at the moment my strategy is more of a lack of strategy!

next week im going to use the indi to help with money management and also just to check it out im now confident after more then a month of success making

czs manually that I can spot them - I really wanted to nail this part as its the bread and butter

but wheres the beef! well thats the money management isnt it here are some selected ramblings of mine about it -



1 = martingale seems effective how about instead of 2x Im going to try 1.5x just mitigating loses would seem enough given the success rate

2 - going in on different lot sizes depending on WHEN in the break out you enter eg - if its run 10 pips already before you get some confirmation candles as I
prefer

on some pairs go in with a smaller lot size so if it does go bad you can still only risk 2percent of your account. On the other side you can load more in if the

breakout happens and the confirmation candles land in that sweet spot outside the buffer zone
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mkl35.gif Size: 20 KB
Click to Enlarge Name: mkl36.gif Size: 16 KB
  • #6,036
  • Mar 22, 2013 7:40am Mar 22, 2013 7:40am
Thanks to you last few guys for posting charts. I haven't done much myself this week because my trades are still open. Cable has been exceptionally good to me this week, with my acct going up by about 11% so far.
To improve is to change. To perfect, is to change often.
  • #6,037
  • Mar 22, 2013 7:55am Mar 22, 2013 7:55am
Quoting forexhard
Thanks to you last few guys for posting charts. I haven't done much myself this week because my trades are still open. Cable has been exceptionally good to me this week, with my acct going up by about 11% so far.
if i remember correctly you never asked much more from us but to post results

ewhola
  • #6,038
  • Mar 22, 2013 8:05am Mar 22, 2013 8:05am
Quoting fexitrade
if i remember correctly you never asked much more from us but to post results

ewhola
FXH never posts "live trades". I'm seeing this as a statement that his week is going great, with charts coming once they close.
  • #6,039
  • Mar 22, 2013 8:10am Mar 22, 2013 8:10am
I think I'm done for the week, only trades for me today:
Attached Image (click to enlarge)
Click to Enlarge Name: ssbo.jpg Size: 181 KB
  • #6,040
  • Mar 22, 2013 8:21am Mar 22, 2013 8:21am
Quoting pipernet
Try this Larry Kirkbride EA, best I have found, courtesy of the generosity of Hopwood.
Put CZ Line Drawing in the script files folder and drag it on the chart, move the lines to the position you like on a zone of congestion.
Next drag EA on chart and adjust 'auto calculate tp/sl' to true. Sit and relax.
Of course try on demo first and become familiar with the inputs.
Cheers.
thanks the best option
13 traders viewing now